Coinbase CEO Brian Armstrong supports the CLARITY Act, a bill nearing potential advancement in the US Congress after extensive talks between the crypto sector and financial institutions.

Coinbase CEO Brian Armstrong has voiced his support for the CLARITY Act, a proposed piece of legislation in the United States Congress. Armstrong indicated that the bill is significantly closer to being passed than ever before, following months of crucial negotiations. These discussions involved key players from the cryptocurrency industry and major banking institutions, aiming to establish clearer regulations for digital assets.